Vaultech Ltd

Vaultech Ltd from London UK: a small, active company founded four years ago, employs just two people, and holds £1,705 in assets. It’s a private limited company with one director and one owner, and its registered address is real, shared by four other companies. The firm is an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of July 3021. It operates in the advertising agencies industries.

The company’s website is non-existent, which makes it difficult to determine its exact operations. It’s unclear if it’s an e-commerce business or primarily serves clients behind the scenes.

Financially, Vaultech Ltd presents a mixed picture. Cash reserves have increased substantially, jumping 310% to £1,700, which is good. However, net assets have decreased by 33%, now standing at -£130,000, a significant downturn. Creditors have also risen considerably, increasing by 350% to £21,000, and bank borrowings have increased by 18%, reaching £110,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity drop is concerning. There’s no mention of an auditor, which is likely due to its small size and exemption from an audit.

Overall, Vaultech Ltd appears to be struggling financially, burning through money. The increase in creditors and bank borrowings, coupled with the negative equity, suggests it’s facing challenges. Whether it can turn things around remains to be seen, but for now, it’s a company navigating a difficult financial landscape.

Registered in England/Wales under the registration number 13312901, with a registered address at W1S 4PB, England, London, 1a Old Bond Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.